Daily iron ore price update (stagflation bid)

Monday 30 May 2022

The ferrous complex was up on Friday May 29, 2022:

Ferrous markets continue to trade correlated to broader commodity trends over fundamentals which are still getting worse. Night sessions in Dalian trade when US markets are open are driving furious price movements.

MySteel indexes last week were awful:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.